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DOL: Tread Carefully When It Comes to ESG Investing

Proponents of Environmental, Social, and Corporate Governance (ESG) investing are probably not big fans of the recent guidance issued by the U.S. Department of Labor (DOL) . On November 13, the DOL announced a final rule intended to provide clear regulatory guideposts for fiduciaries of…

Practical and Tactical Actions for Small Business Owners

…of Pension and Protection Planning for Pentegra to learn about strategies such as applying the 199A tax deduction, using qualified and executive compensation arrangements to increase retirement income security, and implementing a plan governance process to mitigate fiduciary liability, as well as others. *Disclaimer: This…

Practical and Tactical Actions for Small Business Owners

…of Pension and Protection Planning for Pentegra to learn about strategies such as applying the 199A tax deduction, using qualified and executive compensation arrangements to increase retirement income security, and implementing a plan governance process to mitigate fiduciary liability, as well as others. *Disclaimer: This…

Practical and Tactical Actions for Small Businesses

…retirement plans and executive compensation arrangements to increase retirement income security. The session will also cover new retirement plan design options and enhanced tax credits available as a result of law changes, plus learn how implementing a plan governance process can help mitigate fiduciary liability….

More Tales of 401(k) Plans Gone Awry

…of its plan participants, in accordance with the stipulation that anyone serving as an Employee Retirement Income Security Act of 1974 (ERISA) fiduciary has the authority to control and manage the operation of a retirement plan, but must do so solely in the best interest…

Five Retirement Plan Changes that Employers Should Consider

…nearly 90 percent of plan sponsors do just that. But while that may be legal, it gets into a grey area when considering the Department of Labor’s fiduciary rule, which in effect says that plan sponsors are fiduciaries and, as such, must make decisions that…

Getting Ready for a PEP Rally!

…of PEPs allow the participating employers to benefit from lower fees than in traditional single employer plans. In the RFI, the DOL states: PEPs are required to designate a pooled plan provider who is a named fiduciary of the PEP. As a fiduciary, the pooled…

SECURE – What It Can Mean for Small Businesses

…contribution plans. To be eligible, GoP member plans must – among other things — be an individual account plan or defined contribution plan; operate under the same trustees; and have the same designated fiduciary or fiduciaries. GoPs are scheduled to be made available in 2022….

Your Company’s Retirement Plan – Time for a Check-up?

…employers to notify the IRS or pay a fee. Errors that cannot be resolved using the SCP often can be corrected (for a fee) under the Voluntary Correction Program. Additionally, the U.S. Department of Labor has a Voluntary Fiduciary Correction Program for certain fiduciary violations….

Target Date Funds

…DEFERRED INVESTMENT ALTERNATIVE (QDIA)? When a participant fails to make an investment fund choice for their 401(k) contribution, the plan fiduciary may be required to step in and make that decision, depending upon plan options. If the plan has approved QDIA, the plan fiduciary would…

Tales of 401(k) Administration Gone Awry – Part 2

…that did not happen in this situation. As a result, the company’s fiduciary made distributions to the children once the employee died – without the second wife’s consent – resulting in that wife suing the company. So what can be done to address not only…

Not All Stable Value Funds Are Created Equal

…investment line-up brings on fiduciary liability for plan officials. As with all plan investment options, plan officials are responsible for the prudent selection and monitoring of a stable value fund. Understanding the unique aspects of stable value funds is the first step in an effective…